GM cuts 1,000 jobs globally, mostly salaried but some hourly, in move to gain efficiency [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
The latest GM job cuts span its global facilities across multiple departments, said a person familiar with the situation who asked to not be identified because they are not authorized to share this information with the public. Most of the 1,000 jobs that were eliminated were salaried people assigned to GM's Global Technical Center in Warren. But a small number were hourly employees, some of whom were union-represented. The person said the UAW was notified. GM employed about 163,000 people worldwide as of Dec. 31, according to its 2024 annual report, though that figure has decreased since then. GM spokesman Kevin Kelly confirmed the cuts and sent this statement to the Detroit Free Press: "In order to win in this competitive market, we need to optimize for speed and excellence. This includes operating with efficiency, ensuring we have the right team structure, and focusing on our top priorities as a business. As part of this continuous effort, we've made a small number of team re
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News
- General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market [Los Angeles Times (CA)]Los Angeles Times
- General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market [Yahoo! Finance Canada]Yahoo! Finance Canada
- Could the flux capacitor solve hydrogen storage on Class 8 trucks? [Yahoo! Finance]Yahoo! Finance
- GM lays off 1,000 employees for second time in three months [Yahoo! Finance]Yahoo! Finance
- GM lays off 1,000 employees amid reorganization, cost-cutting [MSNBC.com]MSNBC.com
GM
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- 10/22/24 - Beat
GM
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- 11/12/24 - Form 4
- 11/12/24 - Form 144
- 11/8/24 - Form 4
- GM's page on the SEC website